A sum of money was lent by compounding per annum for 2 years at the ra – McqOptions

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1.	A sum of money was lent by compounding per annum for 2 years at the rate of 20% compound interest per annum. If the compound interest is half yearly, the interest increases by Rs.241. What will be the amount lent -
A.	10000
B.	120000
C.	20000
D.	240000
Answer» B. 120000

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